Questions 1-11 are based on the following passage and supplementary material.
Banking is not a profession dedicated [1] indisputably to entering an endless series of figures in ledgers and processing or analysing balance sheets. Primarily, banking is a profession that deals with people and their problems. [2] Instead, [3] banking is a profession not only for those who have a flair for people but also for those with a flair for figures. Banking provides a broad spectrum of work to allow [4] a primitive banker to switch careers without changing a industries. The employment options in banking are abundant and various. The major areas of work are the servicing of internal customers, domestic customer banking, and special functions such as administration,
[5] personality and computers. All of them need employees with sufficient educational background, intelligence, clear thinking, human understanding, and nerve.
[6] A bank manager who is responsible for a branch of business usually begins his career as a loan officer and acquires skills and experience while progressing through several jobs. Bank loan officers make initial contacts with new customers, [7] accepting their loan applications, and assist them on how to fill out loan requests.
[8] (1) An analyst’s duties are to assess each loan applicant’s financial position and advise the bank’s management on the loan prospects. (2) A loan workout specialist is an experienced and skilled specialist who is supposed to investigate each problem loan, inquire into the causes of bad loans, and find solutions to recovering the bank’s funds. (3) A credit analyst and a loan workout specialist are professionals determining the business of lending. (4) Both a credit analyst and a loan workout specialist must have a solid background in accounting, financial statement analysis, law, and economics. Managers of the accounting and operations division control and direct one of the leading business areas concerned with financial planning through the interpretation and use of financial data for one thing. They are in charge of processing checks and clearing on behalf of their customers. The lowest link of the division, a teller, is a bank employee who accepts deposits, cashes checks, and performs other banking services for the public. [9] Their duties also include sorting and filing deposit receipts and withdrawal
slips. [10]
Auditing and control personnel in a bank’s accounting and audit department are well trained specialists. Their proficiency and expertise are unquestionable. As professional accountants they have a legal right of access to records and accounts.
Candidates for such senior posts have to acquire a variety of managerial experience, and those who show outstanding potential are likely to reach senior executive level before they are 40. [11]